The sedentary lifestyles and increasing prevalence of chronic pain in the body parts such as the neck, back, and knees increase the demand for the heating pad, which will likely influence the market growth positively. Moreover, the growing number of obese people across all ages is expected to surge the demand for heating pads. Also, it has been witnessed that microwavable heating pad is expected to be the fastest-growing product segment during the forecast period. Microwavable heating pads are filled with grains such as buckwheat, wheat, and flaxseed and made out of thick insulated cloth, which is not harmful to the users.
Data Bridge Market Research shows that the Heating Pad Market accounted for USD 48,920.16 million in 2022 and is expected to reach 73,386.10 million by 2030. The market is expected to grow with a CAGR of 5.20% from 2023 to 2030.
"Growing integration of new and advanced technology in the heating pad is expected to drive the market growth"
The growing integration of advanced and new technology, including infrared technology in heating pads, offers a better experience to user because it penetrates heat more intensely into the skin and provides a better heating effect in less time than traditional heating pads. The effects of the infrared heating effect last for a longer time period than the traditional heating pads. These heating pads are small and can be easily moved from one place to another. For instance, the infrared heating pads come with carrying, or case handles to handle them easily. Thus, the growing demand for technologically advanced heating pads that are small and portable in nature will likely propel the market's growth during the forecast period.
What restraints the growth of the heating pad market?
"Various risks associated with the usage of heating pad"
Every positive aspect also has an adverse aspect. In the case of heating pads, these pads cannot be used during the pregnancy period and the muscle strains. As a result, these factors hamper the market growth. Sometimes, abnormal body thermoregulation is experienced during heating pads which also acts as a major restraint for the market's growth. Furthermore, heating pads also release heat, making them riskier when used incorrectly. As a result, all these factors obstruct the market growth from 2023 to 2030.
Segmentation: Global Heating Pad Market
The heating pad market is segmented on the basis of product, application, end use and distribution channel.
- On the basis of product, the heating pad market is segmented into microwavable, water, electric, chemical, infrared, and others.
- Based on application, the heating pad market is segmented into home, medical, commercial, and others.
- On the basis of end use, the heating pad market is segmented into homecare, diagnostic centres, hospitals, clinics, others.
- Based on end user, the heating pad market is segmented into direct, and indirect.
Regional Insights: Europe is expected to dominate the heating pad market
Europe is expected to dominate the market and is expected to grow significantly because of the growing demand for heating pads, mainly for homecare settings in this region. Moreover, the increasing prevalence of chronic pain because of obesity and a sedentary lifestyle will further boost the growth of the heating pad market in this region.
In addition, the North American region is likely to register the highest growth rate from 2023 to 2030 because of the growing population coupled with the prevalence of back pain and shoulder pain because of long working hours. Furthermore, increasing promotion campaigns for growing awareness regarding the benefits of the heating pad is expected to raise the demand for the same, which will further boost the market growth in this region.
Recent Developments: Global Heating Pad Market
- In 2021, Shields Health Solutions and Walgreens Boots Alliance, Inc. declared that WBA, through its completely-owned subsidiary, Walgreen Co., is making large investments in Shields, an industry leader in health system-owned and integrated specialty pharmacy care. This growth is likely to support the company to growth.
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-heating-pad-market
The Prominent Key Players Operating in the Heating Pad Market Include:
- Nature Creation (U.S.)
- Beurer (Germany)
- Medical Depot Inc., (U.S.)
- Dongguan Yongqi Electric Heat Products Co. Ltd. (China)
- Sunny-Bay (U.S.)
- Vee Kay Industries (India)
- Rani Herbals (India)
- Renuconic (India)
- Jindal Medical & Scientific Instruments Company (Pvt.) Ltd. (India)
- Dhaara Healthcare (India)
- Senso Medi Systems (India)
- Apex International (India)
- United Medicare (India)
Above are the key players covered in the report, to know about more and exhaustive list of heating pad market companies contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Heating Pad Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
